A Public Limited Company can offer its shares to the general public and is the preferred structure for large businesses planning to list on a stock exchange. Governed by the Companies Act 2013, it requires a minimum of 3 directors and 7 shareholders, with no upper limit on shareholders.
Public Limited Companies are subject to stringent SEBI and MCA regulations, which is why having an experienced CA and CS firm is critical. SPOTON provides end-to-end incorporation support, including drafting of prospectus, share issuance advisory and post-incorporation compliance.
Key Benefits
Public Capital RaisingCan offer shares to the public — ideal for businesses requiring large-scale funding.
Stock Exchange ListingCan be listed on BSE or NSE, providing liquidity to shareholders.
Limited LiabilityShareholders' personal assets are protected.
Unlimited ShareholdersNo cap on the number of shareholders — maximum investor participation.
High CredibilityPublic Ltd status signals scale and reliability to customers and partners.
Perpetual SuccessionCompany continues regardless of changes in ownership.
Eligibility & Requirements
Minimum 3 directors (at least one Indian resident)
Minimum 7 shareholders
Minimum paid-up capital of ₹5 lakh
Registered office in India
Compliance with SEBI regulations (if listed)
Appointment of Company Secretary (if paid-up capital exceeds ₹5 crore)
Step-by-Step Process
1
DSC & DIN
Obtain Digital Signature Certificates and Director Identification Numbers for all 3+ directors.
2
Name Reservation
Reserve the company name via MCA RUN service.
3
Draft MOA & AOA
Prepare Memorandum and Articles of Association per Companies Act 2013.
4
File SPICe+
Submit the incorporation form with all documents to MCA.
5
Certificate of Incorporation
Receive Certificate of Incorporation and CIN from MCA.
6
Post-Incorporation
Obtain PAN, TAN, open a bank account, and comply with ongoing MCA and SEBI requirements.
Documents Required
PAN and identity proof of all 3+ directors
Address proof of all directors
Passport-size photographs of all directors
Registered office proof + NOC from owner
Proposed name and objects of the company
Details of share capital structure
Need help gathering documents? Our team will send you a personalised checklist and guide you through document preparation — just WhatsApp or call us.
Frequently Asked Questions
A Public Ltd can offer shares to the public and has no cap on shareholders. A Private Ltd restricts share transfers and limits shareholders to 200. Public Ltd has stricter compliance requirements including SEBI regulations if listed.
No. A company can be a public limited company without being listed. It only becomes a listed company after completing the IPO process and being admitted to a stock exchange.
The minimum authorised capital is ₹5 lakh. However, businesses planning an IPO will need significantly higher capital.
Public companies must hold AGMs, file ROC returns, comply with SEBI (if listed), maintain statutory registers, conduct board meetings quarterly, and file income tax returns. SPOTON provides complete compliance management.
